In the first month of 2025, 1.81 million cars were sold in the country-12 percent less than in January 2024. This is the first decline since September last year, writes Reuters. Compared to the traditionally active December, demand fell by almost a third – by 31.9 percent.
About 1.09 million cars sold in January in China, local production, were calculated in the Chinese Association of Passenger cars.
Sales of cars in the PRC are usually reduced in the first months of the year due to the lunar New Year. This year, the celebration began in January, and in the past – in February, which was reflected in the car market. The eve of the holiday is the peak season for purchases in rural areas, and therefore demand is usually shifted towards car cars.
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In January, the share of sales of electric cars and cars on other new energy sources (NEV) amounted to 41.2 percent. For the second month in a row, it does not exceed the indicator of fuel machines.
It is expected that according to the results of 2025, sales of “trains” will still increase. However, experts cannot say the same about the sales of cars as a whole: the largest car market in the world is dropped, which will turn into even more fierce price wars between local and foreign manufacturer.
Last year, the exports of Chinese cars to Russia updated the record. In the Russian Federation there were $ 15.2 billion cars – 30.5 percent more than 2023. This year, the Chinese can reduce supplies, adjusting to a reduction in demand.
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